September 22, 2020 Terry’s Tips Trade Alert - Wiley Wolf Portfolio

We have become negative net delta:

BTC 2 MSFT 09Oct20 197.5 calls (MSFT201009C197.5)
STO 2 MSFT 09Oct20 212.5 calls (MSFT201009C212.5) for a debit of $8.35 (buying a vertical)

BTC 4 MSFT 09Oct20 200 calls (MSFT201009C200)
STO 4 MSFT 09Oct20 215 calls (MSFT201009C215) for a debit of $7.40 (buying a vertical)

BTO 2 MSFT 15Jan21 220 calls (MSFT210115C220)
STC 2 MSFT 15Jan21 195 calls (MSFT210115C195) for a credit of $11.90 (selling a vertical)

BTO 2 MSFT 15Jan21 220 calls (MSFT210115C220)
STC 2 MSFT 15Jan21 200 calls (MSFT210115C200) for a credit of $9.00 (selling a vertical)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry